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Why are private consortia of Delhi and Mumbai airports averse to CAG audit?

Feb 08, 2016

Why are private consortia of Delhi and Mumbai airports averse to CAG audit?

Operators of both airports also argue that the Airports Authority of India, which is seeking an audit by the CAG,has not made known any doubts nor sought any clarifications from the board of directors of either airport #CAG #Comptroller & Auditor General #Airports Authority of India #GMR #GVK #AAI #MIAL #DIAL
Delhi airport land deal under CBI scanner for alleged irregularities

May 13, 2015

Delhi airport land deal under CBI scanner for alleged irregularities

According to sources, the 190 acres in question was land which was given by AAI on lease to the GMR-led consortia after it became clear that a Shiva idol and some other impediments will hamper the alignment of one of the runways at the airport. #CAG #NewsTracker #CBI #Airports Authority of India #GMR #Delhi International Airport #Ministry of Civil Aviation #DIAL
Sniffing irregularities CAG seeks special audit of Delhi airport operator

May 11, 2015

Sniffing irregularities CAG seeks special audit of Delhi airport operator

Sources told CNBC-TV18 that the CAG held a meeting with senior officials of the Ministry of Civil Aviation and DIAL officials about a month back where it sought a special audit. #CAG #Divestment #GMR #AAI #Ministry of Civil Aviation #ConnectTheDots DIAL
AAI could lose Rs 900 cr this fiscal if charges are lowered at Delhi airport

Apr 14, 2015

AAI could lose Rs 900 cr this fiscal if charges are lowered at Delhi airport

The airport regulator AERA wants to reduce aeronautical charges (levies airlines pay for landing, parking etc) at Delhi airport by a steep 78%. If the Government allows AERA to do this, it is working against itself since it remains a stakeholder in the airport project. But If the Government allows the regulator to maintain aeronautical charges, there could be allegations of hurting airlines' bottomlines. #GMR #AAI #Airport Authority of India #Delhi Airport #Aviation Ministry #AERA #DIAL
Move to privatise 4 airports catches eye of GVK, GMR, Adani, but they want easier norms

Feb 11, 2015

Move to privatise 4 airports catches eye of GVK, GMR, Adani, but they want easier norms

The Government's move to privatise airports at Jaipur, Ahmedabad, Kolkata and Chennai has generated interest among some well known developers even as protests from Airports Authority of India employees gather steam. #Kolkata #Chennai #Ahmedabad #GMR #GVK #AAI #Jaipur #Ministry of Civil Aviation #Adani #Airports #Zurich Airports
AERA proposes to reduce Delhi airport charges by 78 percent

Feb 05, 2015

AERA proposes to reduce Delhi airport charges by 78 percent

AERA has proposed a 78.4 percent reduction in airport charges at the Delhi Airport from February 1 #IATA #GMR #AAI #Delhi Airport #AERA #MIAL #DIAL
Coal Block Auction: Vedanta bid for 14 blocks; Birla, Adani, Jindal also in fray

Feb 04, 2015

Coal Block Auction: Vedanta bid for 14 blocks; Birla, Adani, Jindal also in fray

Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players. #Hindalco #Vedanta #GMR #Jaiprakash Associates #Lanco #GVK #Sesa Sterlite #BALCO #Coal block auction #JSPL #Monnet Ispat #Ultra Tech cement #Anil Ambani led Reliance Group #Rungta Mines #Ferro Alloys #Monnet Ispat and Energy #OCL Iron and Steel #Sarda Energy
GMR consortium gets $525 mn loan for Philippines airport

Dec 22, 2014

GMR consortium gets $525 mn loan for Philippines airport

GMR Megawide Cebu Airport Corporation (GMCAC), a joint venture of GMR group and Manila-based Megawide Construction, has tied up the finances to the tune of nearly $525 million for Mactan Cebu International Airport contract in Philippines, the company said today. #GMR #philippines airport #GMR-Megawide #Megawide Construction #GMR Megawide Cebu Airport Corporation
Pay up: GMR seeks $803 mn from Maldives for termination of airport contract

Nov 21, 2014

Pay up: GMR seeks $803 mn from Maldives for termination of airport contract

The Concession Agreement was wrongfully repudiated by the government of the Island nation and MACL and on November 29, 2012 arbitration proceedings were initiated by the Government and MACL themselves seeking a declaration that the Concession Agreement was void ab initio, GMR said. #GMR #Arbitration #Male International airport #wrongfully repudiated #island nation #MACL #$803 mn